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Home»ALTCOIN NEWS»Analysts say XRP is poised to hit a price mark it last saw six years ago and predict the older altcoin will reach record highs.
ALTCOIN NEWS

Analysts say XRP is poised to hit a price mark it last saw six years ago and predict the older altcoin will reach record highs.

By Crypto FlexsDecember 9, 20243 Mins Read
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Analysts say XRP is poised to hit a price mark it last saw six years ago and predict the older altcoin will reach record highs.
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One closely watched cryptocurrency strategist believes that XRP is poised to continue its strong run after a strong performance last month.

Household analyst Credible told his 446,700 followers on social media platform X that he is closely watching the XRP on Ethereum pair (XRP/ETH).

According to the analyst, his initial target for XRP/ETH will push XRP/USD into price territory last seen in January 2018, when the altcoin reached an all-time high.

“There is still 98% more upside left for ETH before the first major target is achieved for the XRP/ETH pairing.

At the current price of ETH ($4,000), XRP is over $5.

“In the immediate near term, we could see the price regaining this lower period range and rising up to 30% to surpass $3 for the first time in six years.”

Source: Credible/X

Ultimately, Credible believes that XRP will explode to new all-time highs this cycle, potentially reaching at least $10.

“We will wait for double digits. I am scalping/trading XRP as actively as possible on my trading port. So this is how I ‘take profits’ but I won’t touch that point until I think the XRP cycle is over or close to the end. “Right now we are far from that.”

As of this writing, XRP is trading at $2.51.

As for the broader altcoin market, cryptocurrency analysts expect older coins, which have been marred over the past few years, to hit all-time highs before the current bull market ends.

“Many believe that a new all-time high (ATH) will not be achieved in USD as many of the ‘old guard’ have seen their market caps much higher due to token inflation…

I support the idea that most coins that are down 80-90% (and have been for several months) will surpass their previous ATH by the end of this cycle (unless it is a complete scam/rug).”

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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